Thursday, January 8, 2009
Mitsubishi to cut 2,000 jobs
Mitsubishi Motors Corp. will slash more than 2,000 temporary jobs in Japan by the end of March as the country's fourth largest automaker struggles in the face of a severe slump in sales worldwide, media reports said Thursday.
Mitsubishi announced last year it would cut 1,100 temporary jobs by the end of March 2009.he job cuts, the latest in a slew of setbacks for Japanese carmakers, underlined a rapid deterioration in the global auto market as major developed economies grapple with recession and emerging economies slow.
The Japanese automaker said it is considering business cooperation with Peugeot in the area of electric cars, but stressed nothing has been decided at this moment.